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Commonwealth Bank of Australia consumer spending information using its data:

  • CBA Household Spending in October fell 1% m/m
  • The y/y was still positive at 2%, but down from 3.6% in September

I posted on how Reserve Bank of Australia rate hikes were more noticeably slamming into spending a little earlier:

            This article was written by Eamonn Sheridan at www.forexlive.com.

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